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4. On Dec 14, 2020, United Nations acquired real estate in Ataehir on which it planned to construct a small immigrants office building. UN paid
4. On Dec 14, 2020, United Nations acquired real estate in Ataehir on which it planned to construct a small immigrants office building. UN paid $120,000 in cash. An old warehouse on the property was razed at a cost of $6,700; the salvaged materials had no value. Additional expenditures before construction began included $5,100 attorney's fee for work concerning the land purchase, $6,000 real estate broker's fee, $8,900 architect's fee, and $19,000 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land.
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